So what does it take to come up with a good debt elimination plan? 1) Contacts - The expert working with you should have connections with your creditors. By making use of these contacts, the expert will be able to present them with the debt elimination plan that will help you clear your finances. Contacts will also be able to provide you with the information you need to come up with a good debt elimination plan. Debt Elimination Scams: A Serious Problem for People People who are faced with problems on debts are always on the lookout for debt firms, counselors, programs, books, journals, websites, and services. Who would not go mad at the pool of debt problems? There are several websites, books and journals that may post what they term as debt elimination helps but in truth they are plainly debt elimination scams. The longer you are indebted to a company, the bigger the interest is going to be. Companies that offer a low minimum balance are just making sure that you will be paying interest for a long time. If you set aside some of your cash to pay more than the minimum balance on your debt, you will ensure that your debt does not increase anymore because of interest. However, if you think that it will just be too big a job, there are a lot of debt elimination programs and services ready to help you out. If you choose a company that offers a debt elimination program, you need to have a set of standards. You need to discern whether a company can truly help you or if they are only after your business. Retain the very necessary ones. Think of possible ways to eliminate them legally. There are a lot of strategies for debt elimination which you can opt for. Included are debt consolidation, debt management, debt settlement, debt negotiation, debt counseling, and a lot others. The most popular and legal debt elimination technique is by procuring debt consolidation loans. Some will give you the knowledge and expertise you need to understand the complexities of credit card debt elimination. When you get help in credit card debt elimination, you will accomplish your goal faster and easier. 3) Have a plan - All people want to eliminate their debts. However, one thing that prevents them from doing so is a lack of plan.